Oriel Resources plc
TSX : ORL
AIM : ORI

Oriel Resources plc

December 07, 2006 04:32 ET

Oriel Resources plc: Ordinary Shares Conditionally Approved for Listing and Continued Trading on Toronto Stock Exchange

TORONTO, ONTARIO--(CCNMatthews - Dec. 7, 2006) - Further to the press release dated December 6, 2006, the Directors of Oriel Resources Plc ("Oriel" or "the Company") (TSX:ORL)(AIM:ORI), the London-based chrome and nickel mining and processing company, are pleased to announce that the Listings Committee of the Toronto Stock Exchange (the "TSX") has approved the continued listing of the ordinary shares of the Company subject to compliance with all remaining TSX requirements by no later than March 6, 2007. The ordinary shares will continue to trade at the opening of the TSX on December 7, 2006.

Notes to Editors:

Oriel Resources was formed in July 2003 with Dr Sergey V. Kurzin as Executive Chairman and CEO and is a London-based chrome and nickel mining and processing company with its Ordinary Shares and Warrants admitted to trading on the Alternative Investment Market (AIM) and its Ordinary Shares listed on the TSX Stock Exchange.

Its primary focus is on the identification, acquisition, exploration and development of advanced chrome, nickel, and other alloying opportunities in the countries of the FSU, including The Republic of Kazakhstan and The Russian Federation. The Oriel group currently has three projects, namely the Tikhvin smelter project, Russia, the Voskhod chrome project and the Shevchenko nickel project, both situated in north-western Kazakhstan. Following the results of recent feasibility studies for the Russia and Kazakh-based projects and given the current high demand for chrome and nickel products, the directors are fast-tracking the Voskhod chrome and Tikhvin smelter projects into production while further developing the Shevchenko nickel project.

Contact Information

  • Oriel Resources plc
    Dr Sergey V Kurzin
    Executive Chairman
    +44 (0) 20 7514 0590
    or
    Oriel Resources plc
    Nick Clarke
    Managing Director
    +44 (0) 20 7514 0590
    or
    Oriel Resources plc
    Gavin Dallas
    Marketing and PR
    +44 (0) 20 7514 0590
    Website: www.orielresources.com
    or
    Canaccord Adams Limited
    Robin Birchall
    +44 (0) 20 7050 6500
    or
    Bankside Consultants
    Michael Padley
    +44 (0) 20 7367 8888
    or
    Bankside Consultants
    Michael Spriggs
    +44 (0) 20 7367 8888
    or
    Vanguard Shareholder Solutions
    Keith Schaefer
    + 1 (604) 608-0824